Worksheet In-152a - Vermont Annualized Income Installment Method For Underpayment Of 2011 Estimated Individual Income Tax - 2011

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2011
Annualized Income Installment Method for
Attach a copy of your Federal
Underpayment of 2011 Estimated Individual Income Tax
Form 2210, pages 1-4
VERMONT
Please Print or Type
Taxpayer’s Social Security Number
Spouse or CU Partner Social Security Number
-
-
-
-
Taxpayer’s Last Name
First Name
Initial
Spouse or CU Partner Last Name
First Name
Initial
1. 2011 VERMONT TAX:
0 0
From Form IN-111 Section 7, subtract Lines 31c, 31d, 31e, 31f, and 31g from Section 5, Line 26.
,
,
.
Multiply result by 90%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.
0 0
2. 2010 VERMONT TAX:
,
,
.
From Form IN-111 Section 7, subtract Lines 31c, 31d, 31e, 31f, and 31g from Section 5, Line 26. . . . 2.
0 0
,
,
.
3. Enter the lesser of Line 1 or Line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
0 0
,
,
.
4. Enter the amount from Federal Form 2210, Page 1, Line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.
DUE DATES OF QUARTERLY PAYMENTS
April 15, 2011
June 15, 2011
Sept. 15, 2011
Jan. 15, 2012
Totals
CALCULATION OF UNDERPAYMENT
5.
Enter amounts from Federal Form 2210, Page 4, Line 25
6.
Vermont Payment Due. Divide Line 5 by Line 4, then
multiply by Line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
Sum of estimated tax paid and tax withheld, including
2010 overpayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8.
Underpayment per quarter (Apply any excess to
subsequent quarter) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9.
Date you made payment or April 15, 2012, whichever
is earlier . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10a. Number of days after the due date to date of payment,
or Jan. 1, 2012, whichever is earlier . . . . . . . . . . . . . . . .
10b. Number of days from Jan. 1, 2012 to date of payment,
or April 15, 2012, whichever is earlier.
4th quarter: Number of days from Jan. 15, 2012. . . . . . .
CALCULATION OF INTEREST
11a. Interest due for 2011 (Divide Line 10a by 365,
multiply by 4.8%, then multiply by Line 8) . . . . . . . . . .
11b. Interest due for 2012 (Divide Line 10b by 365,
multiply by 4.8%, then multiply by Line 8) . . . . . . . . . .
12. Total interest due (Add Lines 11a and 11b) . . . . . . . . . .
CALCULATION OF PENALTY
13. Number of months from due date of payment to date
shown on Line 9. (A portion of a month counts as a
whole month) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14. Penalty percentage (Multiply Line 13 by 1%) . . . . . . . .
15. Penalty (Multiply Line 8 by Line 14) . . . . . . . . . . . . . . .
TOTAL INTEREST AND PENALTY
16. Add Lines 12 & 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Worksheet IN-152A

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